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PENDING
Listing provided courtesy of David Kelley, Kidder Mathews.
Source NWMLS.
166 112th St Ct, Tacoma, WA 98445
12
beds
6.5
baths
5592
ft2
· 42100
ft2 lot
$5,000,000
$894 / ft2
Constructed in 1988, Sherwood Terrace consists of four two-story wood framed residential buildings spread across a roughly 1-acre parcel. This 24-unit complex holds spacious 2-bedroom, 1-bath and 2-bedroom, 1.5 bath layouts averaging ±932 SF. Meticulously maintained and self-managed, this unique offering is being offered to investors for the first time in 15+ years. Primed for renovation, this value-add opportunity offers significant rental upside as rents are currently below market, and majority of homes (83%) are ripe for renovation to capture additional rent premiums. Sherwood Terrace presents and ideal first-generation value-add opportunity through maximizing operations with professional management, and interior renovations.
HOA
$0/month
On market
2 months
Year built
1988
Property type
56 10+ Units,Multi Family
Parking
32
MLS
1730648
Price / Sq.Ft.
$894 / ft2
Status
Pending
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Based on a price of $5,000,000
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Negotiating Power:
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$37,500
$5,153
+$888/day
$32,347
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Property Details
Interior Features & Layout
Oven Unit 1
Oven Unit 1
Oven Unit 2
Oven Unit 2
Heating Details
Forced Air
Flooring
See Remarks
Unit 6 Beds
2
Unit 5 Beds
2
Unit 1 Baths
1.00
Unit 4 Beds
2
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 3 Beds
2
Unit 4 Baths
1.50
Unit 2 Beds
2
Unit 1 Beds
2
Unit 5 Baths
1.00
Unit 6 Baths
1.00
Property, Lot, Community & Exterior Features
Total Units In Building
24
Vacancy Rate
5
Zoning
Multi-Family
Lot Size Source
Public Record
Mls Prop Type
56 - 10+ Units, Multi-Family
Building Exterior Details
Cement Planked
Uncovered Spaces
8
Zoning Type
City
Unit 6 Sqft
932
Building Condition
Good
Unit 5 Sqft
932
Style
56 - 10+ Units
Unit 4 Sqft
932
Foundation
Concrete Block
Unit 3 Sqft
932
Roof
Composition
Effective Year Built
1988
Unit 2 Sqft
932
Unit 1 Sqft
932
Carport Spaces
24
Mls Property Type
Multi-Family
Unit 1 Details
1
Unit 2 Details
2
Unit 3 Details
3
Lot Dimensions
42100
Unit 4 Details
4
Number Stories
2
Unit 5 Details
5
Year Built Source
PR
Unit 6 Details
6
Utilities & Other Information
Water / Sewer / Garbage
38796
Energy Source
Electric
Sewer
Sewer Connected
Listing Details, Costs & Financing Information
Insurance Expenses
7981
Form 17
Provided
Possession
Closing
Buyer's Agent Commission
1.25
Terms
Conventional
Net Operating Income
234769
Monthly Rent Unit 1
1270
Other Expenses
47519
Monthly Rent
32832
Monthly Rent Unit 2
1285
Gross Rent Multiplier
13
Monthly Rent Unit 3
1250
Cap Rate
4.70
Monthly Rent Unit 4
1260
Monthly Rent Unit 5
1150
Monthly Rent Unit 6
1095
Tax Year
2020
Sale Type
MLS
Status
Pending
Gross Scheduled Income
393984
Taxes
45219
Operating Expense
139515, 139515
Apn
0319091004
Gross Adjusted Income
374284
School Neighborhood & Directions
Directions
Continue to I-705 S // Take I-5 S and WA-512 E to WA-7 S/Pacific Ave S in Parkland. Take the WA-7/Pacific Ave exit from WA-512 E // Drive to 112th St S
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 17, 2021 3:57pm
Neighborhood snapshot
23
Properties for sale
5
Median days on market
$241.46
Median sold price/sqft
104.50%
Sold/List %
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Property History
03/22/2021
03/22/2021
NWMLS #1730648
pending
NWMLS #1730648
$5,000,000
02/25/2021
02/25/2021
NWMLS #1730648
active
NWMLS #1730648
$5,000,000
+253.86%
02/10/2004
02/10/2004
Public Record
sold
Public Record
$1,413,000
+30.83%
09/21/1998
09/21/1998
Public Record
sold
Public Record
$1,080,000
+8.00%
07/20/1992
07/20/1992
Public Record
sold
Public Record
$1,000,000
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Courtesy of NWMLS
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